Planning Your Estate Involving Art

Most people enjoy art and many have a special painting or sculpture in their homes. Those with substantial resources may have works of art that are considered quite valuable. In cases where there is an art collection, you may consider it as an asset with increasing value. Consequently, in estate planning, you will want to know about including these works of art in your estate and how they are to be bequeathed to your heirs along with the tax consequences.

The initial thing to do before naming beneficiaries to your art collection is determining if they even want the item. Not everyone is an aficionado of the arts and if they inherit a piece of art with some value, they may want to sell it immediately, or not appreciate the care such art may require. If they do wish to retain the art piece, it may require expensive preservation or a special insurance policy.

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What You Need to Know About Funding A Special Needs Trust  with Life Insurance

If you have a special needs family member, then you know that they often need services to help them with therapies, training, adaptive, and vocational skills, as well as daily living activities. In many instances, they live in group homes or have some type of assisted living arrangement. Of course, all of this can be expensive. And when you pass away, you will need to know that they are being properly cared for and with adequate funds. In such cases, a special needs trust (SNT) can be a valuable tool with which to help pay for things not covered by government programs.

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What Is a Death Doula and How Can One Help?

A doula is a nonmedical person who – in referring to the common use of the term – assists women during the birthing process. A death doula, which draws from the original meaning of “doula,” is a nonmedical person who helps a dying person and their family members. Also referred to as end-of-life doulas, death midwives, transition coaches, and soul midwives, death doulas can provide comfort when the end of life is near.

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Legal and Financial Steps to Take a After a Loved One Dies

The death of a loved one is an emotional challenge to deal with. To add to the loss, you may be tasked with the overwhelming responsibility of managing the deceased person’s estate and/or making tough decisions regarding a funeral or more. If the death happened unexpectedly, making legal and financial decisions regarding a loved one’s assets may be confusing. Here are some steps to take after a loved one dies:

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What You Need to Know When Selling Your Home

Selling a home is an exciting process, and it is often the beginning of a major change in life. However, selling a home can also be emotional, legally complex, and downright stressful. When selling a home in Westport, Canton, or surrounding areas, here are a few things to keep in mind during the process:

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